The Residence 8 is a luxurious residential tower located in the heart of Downtown Dubai, UAE. The tower is one of the eight buildings in the popular residential complex, The Residence. It offers residents a range of premium amenities and spacious apartments in 1, 2, and 3-bedroom configurations.
The tower boasts 35 floors and features modern finishes, elegant designs, and floor-to-ceiling windows that offer breathtaking city views. The Residence 8 caters to the needs of residents who value comfort, luxury, and convenience.
Dubai is a cosmopolitan city that attracts people from all over the world. The city is known for its luxurious lifestyle, modern architecture, and vibrant culture. The tower offers residents a luxurious lifestyle that is unmatched in the city.
Overview of The Residence 8
The Residence 8 is a luxurious residential complex located in Downtown Dubai. The eighth building in The Residences is a collection of high-end residential towers offering stunning views of the iconic Burj Khalifa. The tower provides new heights of luxury with premium amenities, spacious interiors, floor-to-ceiling windows, modern finishes, and elegant designs.
Location and Accessibility
Residence 8 is in the heart of Downtown Dubai. The area is known for its urban lifestyle. The tower is also conveniently located near major transportation hubs, making it easy to get around the city.
Architectural Design
Residence 8 is known for its modern architecture, which features sleek lines and a minimalist design. The tower is a high-rise building across 35 floors, offering a mix of 1-, 2-, and 3-bedroom apartments. The apartments feature spacious interiors, floor-to-ceiling windows, modern finishes, and elegant designs. The tower’s amenities include a gym, swimming pool, sauna, steam room, and 24-hour security.
Apartment Features
Types of Apartments
The Residence 8 in Downtown Dubai has apartments to suit different lifestyles and needs. The apartments has sizes ranging from 935 sq. ft. to 4,500 sq. ft. Each apartment maximizes space and provide a comfortable living experience. The apartments are available in furnished and unfurnished options; some come with a maid’s room.
Interior Specifications
The apartments in The Residence 8 have high-quality finishes and modern amenities. The spacious living areas create a comfortable and luxurious environment. The flats have marble flooring, built-in wardrobes, and large windows offering stunning city views. The kitchens have high-end appliances such as a refrigerator, oven, and dishwasher. The bathrooms feature premium fixtures and fittings.
View and Size Options
The apartments in Residence 8 offer stunning views of the city skyline. They range in size from 1, 2, 3, and 4 bedrooms, with spacious living areas and ample storage space. The apartments have a balcony, which provides a perfect place to relax. The terrace is spacious enough to accommodate outdoor furniture and plants.
Amenities and Facilities
Residence 8, Downtown Dubai, offers residents a range of premium amenities and facilities to ensure a luxurious and comfortable living experience. Here are some of the key features:
Leisure and Wellness
- Swimming Pool
- Gymnasium: The residents have access to a fully equipped gymnasium with state-of-the-art equipment to help them maintain their fitness routine.
- Spa: The building has a luxurious spa where residents can indulge in various treatments and therapies to rejuvenate their mind, body, and soul.
- Squash Court
- Play Area
Security and Convenience
- 24/7 Security: Residence 8 has round-the-clock security to ensure the safety and security of its residents.
- Parking: The building offers ample parking space for residents and visitors.
- Library
- Sauna, Jacuzzi, and Steam Room: The building has a sauna, jacuzzi, and steam room where residents can unwind and relax after a long day.
Lifestyle and Community
Living in Residence 8 offers a luxurious lifestyle. The community is bustling with various retail stores, cafes, and restaurants. Residents can have a walk to the nearby Dubai Mall, which offers a wide range of shopping, dining, and entertainment options.
Retail and Dining
Residence 8 is in a prime location that offers easy access to retail stores and dining options. Just a few minutes away, the Dubai Mall is one of the largest shopping centers in the world, offering a wide range of luxury and high-end brands.
Education and Healthcare
The community has several schools and nurseries providing quality education and child care. The Dubai Mall also has a dedicated section for children’s education and entertainment, KidZania. The community also has access to several healthcare facilities, including hospitals and clinics. I is bustling with various retail stores, cafes, and restaurants. The community is also home to several parks and recreational facilities, including Burj Park, which offers stunning views of the Burj Khalifa. Residents have access to several fitness centers and sports facilities, providing ample opportunities to maintain an active and healthy lifestyle.
Investment Potential
Market Trends and Analysis
Residence 8 in Downtown Dubai is a prime location for buyers. According to Bayut, the average price for a one-bedroom apartment in Residence 8 is AED 1.4 million, while a two-bedroom apartment costs around AED 2.5 million.
The demand for properties in Downtown Dubai has steadily increased, making it a lucrative investment opportunity for buyers. The area is home to some of the most iconic landmarks in Dubai, including the Burj Khalifa and the Dubai Mall. The Residence 8 is located near these landmarks, making it an attractive option for investors.
According to Residential Insights, the real estate market in Downtown Dubai has seen a steady increase in property prices over the years.
Rental Yield and Returns
Investing in Residence 8 can give buyers a high rental yield and potential returns. According to Community Insights, the rental yield for properties in Downtown Dubai is around 6.5%, higher than the average rental yield in Dubai.
Moreover, the area is known for its high-end amenities and luxurious lifestyle, making it an attractive option for high-net-worth individuals and expats.
Transportation and Connectivity
Residence 8, Downtown Dubai, is conveniently located near several transportation options.
Metro
The Dubai Metro is a mode of transportation. The Business Bay Metro Station is a few minutes from Residence 8, making it easy for residents to travel across the city. It is a reliable and efficient travel method, with trains running every few minutes during peak hours.
Bus
The Dubai Bus Network is another option for those traveling around the city. The nearest bus stop to Residence 8 is located on Al Khail Road, just a short walk away. Buses run frequently and are an affordable way to get around Dubai.
Taxi
They are available in Dubai and are a way to travel. Residents of Residence 8 can easily hail a cab from the street or use ride-hailing apps like Uber and Careem to get around the city.
Business Bay
The Residence 8 is in the heart of Business Bay, one of Dubai’s most vibrant neighborhoods. Business Bay is home to various restaurants, cafes, shops, and entertainment options.
Business Bay Metro Station
It is just a few minutes from Residence 8. The Red Line of the Dubai Metro serves the station, which connects to other major areas of Dubai, including Dubai Marina, Jumeirah Lakes Towers, and Dubai International Airport.
Developer Information
Residence 8 in Downtown Dubai was developed by Emaar Properties, one of the most renowned property developers in the Middle East. Emaar Properties is known for its innovative and luxurious developments that have helped transform Dubai into a global destination.
Here are some critical facts about Emaar Properties:
- Emaar Properties was founded in 1997 and has since become one of the largest real estate developers in the world.
- The company has developed many iconic projects in Dubai, including Burj Khalifa, The Dubai Mall, Dubai Marina, and Emirates Hills.
- Emaar Properties has expanded globally, with projects in Egypt, India, Turkey, and Saudi Arabia.
- Emaar Properties has won numerous awards for its projects, including the Best Developer Award at the Arabian Business Awards.
Emaar Properties is known for delivering high-quality developments that offer a luxurious and comfortable lifestyle. The Residence 8 is no exception, with its premium amenities and elegant designs.
Buying and Renting Guide
Available Listings and Prices
Residence 8 offers luxurious residential apartments in Downtown Dubai, UAE, with stunning views of the iconic Burj Khalifa and the Dubai Fountain. According to Bayut, seven apartments are currently available for rent in Residence 8, with an average rent of AED 140,000 per year. These apartments are furnished and offer one bedroom with an area of 906 sqft.
Legal and Financial Considerations
When buying or renting a property in Residence 8, it is essential to consider certain legal and financial aspects. For instance, VAT applies to all real estate transactions in the UAE, including buying and renting properties in Residence 8. It is essential to factor in this cost when budgeting for the property.
Resident Reviews and Testimonials
Residence 8, Downtown Dubai, has received positive reviews from its residents. Here are some of the reviews:
- Many residents have praised the stunning views of the Burj Khalifa.
- Residents have also appreciated the spacious, modern apartments with high-end finishes and world-class amenities.
- The staff at Residence 8 have been commended for their professionalism and excellent service. They are always ready to assist residents with any queries or concerns.
- Another highlight is the location of The Residence 8. It is in the heart of Downtown Dubai, close to the Dubai Mall and other popular attractions.
- Take advantage of the opportunity to live in one of Dubai’s most luxurious residential towers. The Residence 8 offers a lifestyle of comfort, convenience, and sophistication.
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Frequently Asked Questions
What are the rental rates for apartments at Residence 8 in Downtown Dubai?
Rental rates for apartments at The Residence 8 in Downtown Dubai vary depending on the apartment size, the floor it is on, and the view it offers. A one—to three-bedroom apartment can expect to cost between AED 80,000 and AED 200,000 per year.
How can one find the exact location of Residence 8 in Downtown Dubai?
Residence 8 is near the iconic Burj Khalifa and Dubai Mall in Downtown Dubai. The exact location can be found by searching for “The Residence 8, Downtown Dubai” on Google Maps or any other mapping application.
What are the current prices for purchasing a property at The Residence 8 in Downtown Dubai?
The current prices for purchasing a property at The Residence 8 in Downtown Dubai depend on the size of the apartment, the floor it is on, and the view it offers. A one—to three-bedroom apartment will cost between AED 1.5 million and AED 5 million.
Are any apartments currently for sale at The Residence 8 in Downtown Dubai?
There may be apartments currently for sale at The Residence 8 in Downtown Dubai. Interested buyers can contact a reputable real estate agency or search online for listings.
What amenities are available to residents of The Residence 8 in Downtown Dubai?
Residents of Residence 8 in Downtown Dubai have access to a wide range of amenities. The building also offers covered parking, concierge services, and a children’s play area.
What is the significance of Downtown Dubai as a residential location?
Downtown Dubai is the city’s most sought-after residential locations. Thanks to its proximity to major landmarks and attractions.